Maplebear (CART) Projected to Post Earnings on Tuesday

Maplebear (NASDAQ:CART - Get Free Report) will likely be announcing its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $889.98 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Maplebear Price Performance

NASDAQ:CART traded down $0.23 on Friday, hitting $52.32. 4,273,508 shares of the company's stock were exchanged, compared to its average volume of 4,038,218. The firm has a 50-day moving average price of $46.20 and a 200-day moving average price of $42.29. Maplebear has a 52 week low of $28.56 and a 52 week high of $53.44. The company has a market cap of $13.44 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 1.20 and a beta of 1.07.

Insider Buying and Selling at Maplebear

In other Maplebear news, CEO Fidji Simo sold 20,750 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $42.74, for a total value of $886,855.00. Following the completion of the sale, the chief executive officer now owns 1,771,993 shares of the company's stock, valued at $75,734,980.82. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Alan Ramsay sold 2,314 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $46.28, for a total transaction of $107,091.92. Following the sale, the chief accounting officer now directly owns 85,421 shares of the company's stock, valued at approximately $3,953,283.88. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,061 shares of company stock valued at $1,980,263 in the last quarter. Company insiders own 36.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CART shares. Needham & Company LLC raised shares of Maplebear from a "hold" rating to a "buy" rating and set a $56.00 price target on the stock in a research report on Monday, January 13th. JMP Securities boosted their price target on shares of Maplebear from $42.00 to $51.00 and gave the stock a "market outperform" rating in a research report on Wednesday, November 13th. Barclays boosted their price objective on shares of Maplebear from $48.00 to $56.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Macquarie boosted their price objective on shares of Maplebear from $50.00 to $52.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Finally, Seaport Res Ptn upgraded shares of Maplebear to a "strong-buy" rating in a research note on Wednesday, February 12th. Thirteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $48.96.

About Maplebear

Maplebear Inc, doing business as Instacart, engages in the provision of online grocery shopping services to households in North America. It sells and delivers grocery products, as well as pickup services through a mobile application and website. It also operates virtual convenience stores; and provides software-as-a-service solutions to retailers.